ZOMG MICRO ECONOMICS WTFFFF

[wdead]

Boro,
When people talk about price elasticities they talk about how quantity demanded/supplied responds to changes in price. I realize my examples are kinda whack, as they do not reflect price CHANGES, which is what I meant to talk about. Whether P starts at one or 10000 doesnt really matter, what matters is how changes in consumption/production respond to price CHANGES.

Sorry I didnt make that clearer, its been awhile.